It’s like getting a free scoop of ice cream 😊 According to Equifax about 11 million borrowers will have their credit scores increased by at least 20 points starting in July. Will you be impacted? What is the change? What information is now excluded? Is...
This weekend I was asked to lend on a file in Colorado. The borrower mentioned his zestimate was 250k. I was intrigued because the house was not in the nicest area. His zestimate value sucked…. Zillow also thinks it sucks since they are offering $1m to anyone who...
Are we partying like it is 2007 again? Hopefully everyone hasn’t forgotten the last real estate party and how badly it ended. With the market on fire in many locations throughout the country, there is increasing pressure to get transactions closed. According to a...
Want to close before you put on the bathing suit and attempt a cannonball or whatever "trick" the guy above is attempting? Annoyed by the games of other lenders promising the moon only to find out later that they aren’t really lenders and can’t close? Do you have a...
When investing in real estate there are a myriad of factors to consider. Should one of the factors be death rates? Ironically, I’m not talking about crime statistics. There was a recent article in a Ski town newspaper (Steamboat Pilot) highlighting the number of...
The above pic was the first photo on a listing in Colorado. I’m still trying to figure out what is for sale! With this in mind, we started an Instagram account to showcase our real estate adventures … from my windshield to yours 😊 At Fairview, we are...
Shh! There is a big secret going on in the banking community. Do you know what it is? About six months ago I started seeing an interesting trend. Many banks were starting to be a little more conservative on their underwriting. In essence, banks were tightening...
Jim Rogers, the famous investor and republican supporter who called the last recession, recently said “there was a 100 percent probability that the U.S. economy would be in a downturn within one year.” (see articles below). I’m not convinced we are 12 months out, but...
Anyone watching the markets recently has seen a marked reversal from the initial Trump Optimism. The recent “great healthcare” reform promised by the president imploded. Because of this implosion and implications on future tax measures. There are 4 immediate...
We lost an hour Sunday! I’m sure like most folks I’m not a big fan of losing sleep. I’m not alone in my dislike for time change. There is evidence that changing the clocks causes a spike in car accidents, strokes, and heart attacks. In general folks seem a...
I recently looked at a warehouse property that was just purchased for 500k. They only needed 200k. I thought the loan should be a no brainer until I started digging and found out the property was only worth around 200k! How could there be this large of a...
In 2016 commercial real estate deal volume fell by 11% for the first time since 2009! According to a recent Wall Street Journal report, some prominent real estate investors are reducing their holdings and taking money off the table. Who is pulling back? What...
Last week I wrote about the large increase in flips in Atlanta. I was surprised that Atlanta was above its pre-recession peak. This got me thinking about Denver. In the Denver news today, it was reported that foreclosures recently increased for the first...
There was an article in the Atlanta Journal and Constitution this morning highlighting Atlanta as the number 8 metro market for flipping. Why should you care? Do you remember 2008 and how badly it ended for markets like Atlanta. I did an analysis of the raw...
With Trump's first work day today, what does the new Trump presidency mean for real estate? Is Trump the “inflation president”? What does this mean for rates and real estate values? Will commercial and residential real estate continue to soar? Are certain markets...
A recent Trulia analysis of U.S. listings shows that 3.9 percent of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015. What is the number one reason sales typically fall out? Financing is the number one...
We’ve all heard the predictions for 2017, rates will be X, employment will be Y, the sky will be blue, but also might fall depending on 18 different variables from armchair economists. What should you believe and what should you do? I had a crash course in 2017...
2017 promises to be an interesting year for real estate investors. Will the bulls continue to run rampant driving up prices or are the bears going to finally come out to play? Although real estate is market specific (for example Detroit vs. Denver) there are...
I hope everyone has had a great 2016 and is looking forward to the new year. I wanted to wish everyone safe travels for the holiday season. Don’t forget before you head to the airport to remember your driver’s license. This brings me to the picture above. A man in...
The fed raised rates today? Is this the real news? As many have noticed, rates have taken off over the last 30 days driving up mortgage rates substantially. What is really driving the rapid movement and what will happen in 2017. There is one wild card that could...
Many lenders are already talking about closings they are setting up for 2017? ARE THEY CRAZY? What happened to the last month of 2016? As the holidays are well upon us, many borrowers have asked: “Can you close my loan by year end?”. The answer is yes, WE CAN CLOSE...
I’m a big believer in self reflection, and when I am wrong, coming out and saying it. I wrote an article, let if float, where I, like pretty much everyone else in the industry, predicted rates would stay low. Unfortunately, the last week has taught us that these...
I wanted to wish everyone a Happy Thanksgiving. I have enjoyed working with each of you over the past year and look forward to working together in the future. With this year’s election, the dinner table is going to be quite interesting to say the least. I wanted to...
What does great clips have to do with real estate? I went to get a haircut at great clips at 8 am on a Tuesday morning and the place was packed and yet a month earlier on the same date and time there wasn’t a single patron. Why? How can this pattern or lack thereof...
It’s like getting a free scoop of ice cream 😊 According to Equifax about 11 million borrowers will have their credit scores increased by at least 20 points starting in July. Will you be impacted? What is the change? What information is now excluded? Is...
This weekend I was asked to lend on a file in Colorado. The borrower mentioned his zestimate was 250k. I was intrigued because the house was not in the nicest area. His zestimate value sucked…. Zillow also thinks it sucks since they are offering $1m to anyone who...
Are we partying like it is 2007 again? Hopefully everyone hasn’t forgotten the last real estate party and how badly it ended. With the market on fire in many locations throughout the country, there is increasing pressure to get transactions closed. According to a...
Want to close before you put on the bathing suit and attempt a cannonball or whatever "trick" the guy above is attempting? Annoyed by the games of other lenders promising the moon only to find out later that they aren’t really lenders and can’t close? Do you have a...
When investing in real estate there are a myriad of factors to consider. Should one of the factors be death rates? Ironically, I’m not talking about crime statistics. There was a recent article in a Ski town newspaper (Steamboat Pilot) highlighting the number of...
The above pic was the first photo on a listing in Colorado. I’m still trying to figure out what is for sale! With this in mind, we started an Instagram account to showcase our real estate adventures … from my windshield to yours 😊 At Fairview, we are...
Shh! There is a big secret going on in the banking community. Do you know what it is? About six months ago I started seeing an interesting trend. Many banks were starting to be a little more conservative on their underwriting. In essence, banks were tightening...
Jim Rogers, the famous investor and republican supporter who called the last recession, recently said “there was a 100 percent probability that the U.S. economy would be in a downturn within one year.” (see articles below). I’m not convinced we are 12 months out, but...
Anyone watching the markets recently has seen a marked reversal from the initial Trump Optimism. The recent “great healthcare” reform promised by the president imploded. Because of this implosion and implications on future tax measures. There are 4 immediate...
We lost an hour Sunday! I’m sure like most folks I’m not a big fan of losing sleep. I’m not alone in my dislike for time change. There is evidence that changing the clocks causes a spike in car accidents, strokes, and heart attacks. In general folks seem a...
I recently looked at a warehouse property that was just purchased for 500k. They only needed 200k. I thought the loan should be a no brainer until I started digging and found out the property was only worth around 200k! How could there be this large of a...
In 2016 commercial real estate deal volume fell by 11% for the first time since 2009! According to a recent Wall Street Journal report, some prominent real estate investors are reducing their holdings and taking money off the table. Who is pulling back? What...
Last week I wrote about the large increase in flips in Atlanta. I was surprised that Atlanta was above its pre-recession peak. This got me thinking about Denver. In the Denver news today, it was reported that foreclosures recently increased for the first...
There was an article in the Atlanta Journal and Constitution this morning highlighting Atlanta as the number 8 metro market for flipping. Why should you care? Do you remember 2008 and how badly it ended for markets like Atlanta. I did an analysis of the raw...
With Trump's first work day today, what does the new Trump presidency mean for real estate? Is Trump the “inflation president”? What does this mean for rates and real estate values? Will commercial and residential real estate continue to soar? Are certain markets...
A recent Trulia analysis of U.S. listings shows that 3.9 percent of homes that moved from for-sale to pending moved back to for-sale again, nearly double the rate in 2015. What is the number one reason sales typically fall out? Financing is the number one...
We’ve all heard the predictions for 2017, rates will be X, employment will be Y, the sky will be blue, but also might fall depending on 18 different variables from armchair economists. What should you believe and what should you do? I had a crash course in 2017...
2017 promises to be an interesting year for real estate investors. Will the bulls continue to run rampant driving up prices or are the bears going to finally come out to play? Although real estate is market specific (for example Detroit vs. Denver) there are...
I hope everyone has had a great 2016 and is looking forward to the new year. I wanted to wish everyone safe travels for the holiday season. Don’t forget before you head to the airport to remember your driver’s license. This brings me to the picture above. A man in...
The fed raised rates today? Is this the real news? As many have noticed, rates have taken off over the last 30 days driving up mortgage rates substantially. What is really driving the rapid movement and what will happen in 2017. There is one wild card that could...
Many lenders are already talking about closings they are setting up for 2017? ARE THEY CRAZY? What happened to the last month of 2016? As the holidays are well upon us, many borrowers have asked: “Can you close my loan by year end?”. The answer is yes, WE CAN CLOSE...
I’m a big believer in self reflection, and when I am wrong, coming out and saying it. I wrote an article, let if float, where I, like pretty much everyone else in the industry, predicted rates would stay low. Unfortunately, the last week has taught us that these...
I wanted to wish everyone a Happy Thanksgiving. I have enjoyed working with each of you over the past year and look forward to working together in the future. With this year’s election, the dinner table is going to be quite interesting to say the least. I wanted to...
What does great clips have to do with real estate? I went to get a haircut at great clips at 8 am on a Tuesday morning and the place was packed and yet a month earlier on the same date and time there wasn’t a single patron. Why? How can this pattern or lack thereof...
